According to Cryptonewsland, Ripple’s dollar-pegged stablecoin RLUSD has received institutional approval in the Abu Dhabi Global Market (ADGM) after being designated as an Accepted Fiat-Referenced Token by the local regulator. The approval allows licensed firms in ADGM to use RLUSD for permitted activities such as payments, collateral, and treasury operations. The Financial Services Regulatory Authority (FSRA) conducted a detailed review of RLUSD’s reserve structure before granting the clearance. The move strengthens Ripple’s presence in the UAE’s regulated digital-asset sector and supports the growing adoption of stablecoins under strict regulatory oversight. The approval follows similar clearances in the Dubai International Financial Centre (DIFC) and comes amid the UAE’s broader regulatory push to bring DeFi and Web3 activities under central bank supervision.
Ripple's RLUSD Stablecoin Gains Institutional Approval in Abu Dhabi Global Market
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